Toymods Car Club Inc: General Car Talk => WHAT IS THE MARKET VALUE OF A SPRINTER

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Lambolica
Forums Junkie

Location:
Northwestern Sydney
Registered:
August 2002

What is the market value of a Sprinter.	Sun, 06 November 2005 23:38

The simple answer to this is what ever someone is willing to pay for it. The Redbook and other similar "guides" are just that. Guides. These books assume that things happen over time. ie they assume the car travels 20,000km's per year every year of its life, that the car is in standard form and that it has been exposed to the elements so there will be rust, faded paint, rough interior, and generally need of a freshen up. I also recall talking to a broker on this and these figures do not include rego or how much rego is left, but they do assume that the car is or can be registered in current form. So concidering these few things a Sprinter built in 1983 with 440,000 on the clock, has passing paintwork, minor rust in the usual places, some repaired rust areas, and interior that is generally clean but shows signs of being 22 years old (worn seats, cracked dash etc) would be worth (lets say) $2500 + the cost of the residual rego left (10 months, say) $3000. From there the common rule of thumb for modifications is to add half the price of the physical parts. Labour is not usually counted, nor is work that is labour specific (ie porting, boring, machining, wiring) Meaning that the previously mentioned Sprinter at $3000. with respray and rust cut out - $800 a 4aGZE engine installed - $1000 Wheels & tyres - $700 Would be worth $5500 to the owner if priced correctly. and should be insured at agreed value at that price. From there there is the owners attachment to the car which is priceless (usually) but again irrelivant to a buyer unless the buyer has seem every step of the work and knows the car nearly as well as the owner. and then there is the So called Takumi Tax. which while poorly named is accurate. The Sprinter is a Cult car and this seems to have driven asking prices up by 50% and a buyers impression up by about 33% based on what I have seem on these forums. Meaning our Stock Sprinter example with 10 months rego would probably be advertised at about $4500 and a buyer might buy at $3500-4000. Our modified version would be advertised at $8500 and probably sell at $6800-7000. A cult car is only worth this to a enthusist as insurance companies will treat the value of the modified version the same as the stock version but charge you a Higher premium because of the higher risk. It is wise to accuratly value the car and insure it as such when you start modifying majorly as this may be you only comeback in the ubove mentioned incident on the bridge. If you have the grounds to fight the value use it as this will be the only way that you'll get more than the offered $2700. I would expect you might get as much as $3500-4000. Disclaimer This is the process I use when looking at a possible car purchase. and may not be everyones way of thinking but seems to be accurate from the trading on these forumns [Report message to a moderator]

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